Special Account Status and Applicable Provisions
- ESF proceeds are classified as a Special Account in the Philippine Treasury.
- Certain provisions of P.D. 1177 (Sections 40, 50, and 51) and LOI 981 are explicitly inapplicable to this account.
Creation and Composition of the Management Advisory Committee (MAC)
- The MAC is established to oversee ESF allocation and utilization.
- Chaired by the Minister of Human Settlements.
- Members include Ministers of Defense, Industry, Budget, Public Works, Education and Culture, Economic Planning, and Agriculture.
- The Ministry of Human Settlements acts as the MAC Secretariat.
Powers and Responsibilities of the Management Advisory Committee
- Determine eligible government development programs and projects for ESF funding.
- Program and allocate ESF resources among priority projects.
- Serve as the governmental representative in dealings with USAID or authorized U.S. agencies related to ESF.
- Submit ESF utilization plans to the President for final approval.
- Prepare and submit Philippine Government counterpart requirements to the Minister of Budget for President's approval.
- Regularly submit accomplishment reports to the President.
Legal Authority and Effectivity
- The directives are issued by the President of the Philippines under constitutional powers.
- Established as the implementing mechanism for economic assistance proceeds under the amended Military Bases Agreement.
- Dated May 27, 1980, in Manila, enforcing the operational framework for ESF utilization.